會(huì)計(jì)英語(yǔ)第十一章

1、Chapter 11Accounting for Partnership 合伙企業(yè)會(huì)計(jì)Admission of a PartnerWhen the makeup of the partnership changes, the partnership is dissolved.A new partnership may be immediately formed.New partner acquires partnership interest by:Purchasing it from the present partners, orInvesting assets in the partne

2、rship.Purchase of Partnership InterestA new partner can purchase partnership interest directly from the existing partners.The cash goes to the partners, not to the partnership.To become a partner, the new partner must be accepted by the current partners.Red agrees to sell Blue $10,000 of her partner

3、ship interest for $25,000.Purchase of Partnership InterestA new partnership agreement must be prepared that identifies the allowances and profit sharing basis. Investing Assets in a PartnershipThe new partner can gain partnership interest by contributing assets to the partnership.Remember that the n

4、ew assets will increase the partnerships net assets.After this entry, both assets and equity will increase.Greene and Red agree to accept Blue as a partner upon his investment of $30,000 cash in the partnership.Investing Assets in a PartnershipA new partnership agreement must be prepared that identi

5、fies the allowances and profit sharing basis. Bonus to Old or New PartnersBonus to Old PartnersWhen the value of a partners investment is greater than the acquired amounts of equity, the old partners usually require a new partner to pay a bonus when joining.Net Asset (yuan) = OE360 A capital 180 B c

6、apital 180C intends to acquire one fifth share of the partnership byPaying 140 yuan in cashacquired amounts of equity for c =(360+140)*1/5=100The value of the investment is 140Bonus to Old or New PartnersBonus to Old PartnersWhen the value of a partners investment is greater than the acquired amount

7、s of equity, the old partners usually require a new partner to pay a bonus when joining.Net Asset (yuan) = OE500 A capital 200 B capital 200 C capital 100C intends to acquire one fifth share of the partnership byPaying 140 yuan in cashacquired amounts of equity for c =(360+140)*1/5=100The value of t

8、he investment is 140Bonus to Old or New PartnersBonus to New PartnersThe partnership may grant a bonus to a new partner if the business is in need of cash or if the new partner has exceptional talents.C intends to acquire one third share of the partnership byPaying 120 yuan in cashNet Asset (yuan) =

9、 OE 360 A capital 180 B capital 180acquired amounts of equity for c =(360+120)*1/3=160The value of the investment is 120Bonus to Old or New PartnersBonus to New PartnersThe partnership may grant a bonus to a new partner if the business is in need of cash or if the new partner has exceptional talents

10、.C intends to acquire one third share of the partnership byPaying 120 yuan in cashNet Asset (yuan) = OE 480 A capital 160 B capital 160 C capital 160acquired amounts of equity for c =(360+120)*1/3=160The value of the investment is 120Withdrawal of a Partner A partner can withdraw in two ways:The par

11、tner can sell his/her partnership interest to another person.The partnership can distribute cash and/or other assets to the withdrawing partner.Bonus to Old or New PartnersBonus to retiring partnerWhen the payment to the retiring partner is greater than the this partners equity, the excess will be t

12、reated as a bonus to the retiring partner for its share of the goodwill of the businessNet Asset (yuan) = OE600 A capital 300 B capital 150 C capital 150C intends to withdraw from businessThe partnership intends to pay 200 yuan to CBonus to Old or New PartnersBonus to continuing partnerWhen the paym

13、ent to the retiring partner is less than the this partners equity, the deficit will be treated as a bonus to the continuing partnerNet Asset (yuan) = OE600 A capital 300 B capital 150 C capital 150C intends to withdraw from businessThe partnership intends to pay 100 yuan to CLiquidation of a Partner

14、ship When a partnership is discontinued, four steps are required:Non-cash assets are sold for cash and a gain or loss on liquidations is recorded.Gain or loss on liquidation is allocated to partners using their income-and-loss ratio.Liabilities are paid or settled.Any remaining cash is distributed t

15、o partners based on their capital balances.Capital Deficiency Greene, Red, and Blue agree to discontinue their partnership. They sell all of their assets for a net loss of $10,000. Profits and losses are shared as follows: Green, one-half; Redd, one-fourth; and Blue, one-fourth.Capital deficiency me

16、ans that at least one partner has a debit balance in his/her capital account. A partner with a deficit must, if possible, cover the deficit by paying cash into the partnership.Capital Deficiency Greene, Red, and Blue agree to discontinue their partnership. They sell all of their assets for a net los

17、s of $10,000. Profits and losses are shared as follows: Green, one-half; Red, one-fourth; and Blue, one-fourth.Capital deficiency means that at least one partner has a debit balance in his/her capital account. A partner with a deficit must, if possible, cover the deficit by paying cash into the partnership.Capital Deficiency Capital Deficiency